CIL board clears interim dividend

The Coal India Ltd (CIL) board on Thursday approved payment of interim dividend for FY 2019-20 at ₹l2 a share of the face value of ₹l0 each. This will make the government richer by ₹7,172 crore, which it will receive as dividend and dividend distribution tax. The company has fixed March 20 as the ‘record date’ for the dividend payment.